Paxos applies to the Western Trust Bank license to strengthen the Role of the US stablecoin.
New York – The Blockchain infrastructure firm and the Stablecoin Paxos Trust Company issuer has requested a National Trust Bank letter with the United States Office of the Mint (Occ), a movement that could raise its regulatory position and a competitive advantage in the fast evolution digital asset market. If approved, Paxos would obtain federal…